703 S Armel DrCovinaCA91723
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Covina at 703 S Armel Dr, Covina, CA, 91723 priced at $900,000 converts $4,553/mo rent into after a $4,405/mo obligation. Total monthly income equals $4,553/mo. Return on cash invested prints 15.95% in year one, and rental yield reads 6.07% against a $900,000 entry. Equity gained on principal adds $5,808/yr, while 5% annual appreciation compiles into $248,653 by year five. Five-year ROI reaches 81.57% and total cumulative return in cash sums $241,524. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,553/mo property income covering a $4,405/mo payment, not borrower’s personal income.
Single Family
Built in 1954
7,343 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 91723, Covina, CA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,786 (100%) |
| Owner Occupied HU | 2,827 (41.7%) |
| Renter Occupied HU | 3,727 (54.9%) |
| Vacant Housing Units | 232 ( 3.4%) |
| Median Home Value | $729,791 |
| Average Home Value | $752,993 |
Housing Distribution
Address Breakdown
Residential
6,730
Single Family
4,568
Multi-Family
2,162
Businesses
1,353
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Listed by: Joi Zerbel • Seven Gables Real Estate
Mls Name: CRMLS
Mls ID: #OC26000548